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There are two major benefits to using residential solar panels. First, you can reduce pollution as you rely less on the burning of fossil fuel. Second, you can get a very good return on investment on your photovoltaic panels — these are always double digit returns, much better than Wall-Street-types investment with only single digit paybacks.

Other than these two benefits, there are more that people seldom heard of. But these can be significant when added together:

1. Government subsidies

Many state governors have realized the importance of using renewable energy. Therefore rebates, tax breaks and subsidies are given to households that use renewable energy to power their homes. The total discount on a system may be more than you imagine…sometimes more than 50%. Therefore do check what you’re eligible for.

2. Electricity Bill Hedging

Fuel is consistently increasing in price due to inflation and diminishing supply. But whatever the cost of fossil fuel may be in the future, there is no need for you to pay an extra cent if your solar power generator can supply all your energy needs. The grand total of your bills will still amount to $0. Isn’t that great?

3. Property Appreciation

Properties installed with solar panels are worth more than those without. This is obvious, since solar power generators are assets that can help the household lower their monthly electricity bills dramatically. Having PV panels in your property will not increase your property tax. Therefore it is a priceless item that can maximize the value of your home.

When we install solar panels on our property, we always look for numbers like cost per watt or payback period.. With the above benefits such as government incentives and rebates factored in, we’ll find these numbers become more attractive. Moreover, there are also many intangible benefits like environmental protection that comes along with your PV “toy”.

Continue Reading:

1. Solar Energy Panels – What You Need To Know Before Purchasing
2. Cost Of Using Residential Solar Panels
3. Homemade Solar Panels – Should You Even Roll Up Your Sleeves To Build One?